Rambus: FTC stays portions of remedy order

KatherineHunt

SAN FRANCISCO (MarketWatch) -- Rambus Inc.
RMBS, -1.20%
late Monday said the Federal Trade Commission has stayed portions of its remedy order, clarifying that the company isn't restricted from collecting royalties for the use of some of its technologies in the past. In its order, the FTC also said that Rambus isn't required to refund royalties already paid. In early February, the FTC ordered Rambus to license some of its computer memory-chip technology and set maximum royalty rates it can collect for licensing. The memory chip technologies include so-called SDRAM and DDR SDRAM. DRAM chips are widely used in personal computers, servers, printers, and cameras. The stay is effective upon Rambus' filing of a timely petition for review in a court of appeals, the Los Altos, Calif.-based company said. Rambus said it plans to appeal both the FTC's liability and remedy orders in their entirety.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.